Did a 1997 merger ruin Boeing?
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Did a 1997 merger ruin Boeing?
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Re: Did a 1997 merger ruin Boeing?
#2Jack Welch style management and shareholder capitalism are some of the most destructive forces in the US economy.
Re: Did a 1997 merger ruin Boeing?
#3Yes.
Re: Did a 1997 merger ruin Boeing?
#4This is the “everybody knows” narrative that seems to get trotted out whenever modern Boeing has problems.
I’m curious - how much of it is true? Is it really systemic, or has it manifested only with one specific model plane?
It seems to fit very well with the “financialization is bad” narrative, too, but is there any other data to support the claims?
It’s possible that engineer-driven Boeing could have fucked up the Max, too.
I am skeptical of simple, tidy explanations regarding actions and arcs of any organizations as large as Boeing.
Re: Did a 1997 merger ruin Boeing?
#5This is the “everybody knows” narrative that seems to get trotted out whenever modern Boeing has problems. I’m curious - how much of it is true? Is it really systemic, or has it manifested only with one specific model plane? It seems to fit very well with the “financialization is bad” narrative, too, but is there any other data to support the claims? It’s possible that engineer-driven Boeing could have fucked up the…
Boeing had an amazing engineering record, then it merged with a company known for having a terrible engineering record. The executives who ran the shoddy company basically took over Boeing from the old management. Now Boeing is a company with a terrible engineering record. Look at what happened to GE, it was the same style of management that ruined Boeing.
Re: Did a 1997 merger ruin Boeing?
#6Yes.
A rare exception to Betteridge's Law.
Re: Did a 1997 merger ruin Boeing?
#7This is the “everybody knows” narrative that seems to get trotted out whenever modern Boeing has problems. I’m curious - how much of it is true? Is it really systemic, or has it manifested only with one specific model plane? It seems to fit very well with the “financialization is bad” narrative, too, but is there any other data to support the claims? It’s possible that engineer-driven Boeing could have fucked up the…
Boeing had an amazing engineering record, then it merged with a company known for having a terrible engineering record. The executives who ran the shoddy company basically took over Boeing from the old management. Now Boeing is a company with a terrible engineering record. Look at what happened to GE, it was the same style of management that ruined Boeing.
Answering the question by repeating the myth doesn't really seem to be what they are asking for.
Re: Did a 1997 merger ruin Boeing?
#8One of those cases where Betteridge’s law fails - the answer is yes.
Re: Did a 1997 merger ruin Boeing?
#9Earlier quoted context omitted.
Boeing had an amazing engineering record, then it merged with a company known for having a terrible engineering record. The executives who ran the shoddy company basically took over Boeing from the old management. Now Boeing is a company with a terrible engineering record. Look at what happened to GE, it was the same style of management that ruined Boeing.
Answering the question by repeating the myth doesn't really seem to be what they are asking for.
Well it's the way GE was run and look what happened to them. Caring only about your share price is a great way to ruin a company. The share price should be the result of a well run business not the true north of the company. By making the metric into the goal it totally defeats the purpose of the metric.
Re: Did a 1997 merger ruin Boeing?
#10This is the “everybody knows” narrative that seems to get trotted out whenever modern Boeing has problems. I’m curious - how much of it is true? Is it really systemic, or has it manifested only with one specific model plane? It seems to fit very well with the “financialization is bad” narrative, too, but is there any other data to support the claims? It’s possible that engineer-driven Boeing could have fucked up the…
The same thing happened with the Starliner, Boeing's space vehicle. Shoddy engineering, failed tests, long delays. Plus there's plenty of anecdotal evidence from current and former employees.